PetroGulf, a subsidiary of Ganoub El Wadi Petroleum Holding Company (Ganope), has increased output from its Gulf of Suez Fields to its highest level since its establishment in 1982. The output currently stands at  26,600 barrels per day (bbl/d), marking a 56 % hike compared with earlier levels in the current fiscal year 2025/2026.

The jump was driven by an unprecedented production surge of about 10,000 barrels per day within just five months, following the implementation of a successful work plan, noted a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

The plan included drilling a new development well, North Geisum North-16, which alone added about 4,000 bbl/d. An intensive well workover and maintenance program across the company’s Gulf of Suez assets contributed another 6,750 bbl/d. The program was executed using two drilling rigs, underscoring operational efficiency and accelerating the pace of work.

PetroGulf represents a successful investment partnership model between Egypt’s petroleum sector, through Ganope and the Egyptian General Petroleum Corporation (EGPC), and other partners, including Kuwait Foreign Petroleum Exploration Company (KUFPEC).